Corporate News
Sun Pharma posts surprise Rs 2,184 cr Q1 pre-tax loss on one-time expense

Sun Pharmaceutical Industries, the country’s largest drugmaker, reported a surprise loss in the first quarter hit by one-time charges. The company’s US business posted a 33.5 per cent decline during the quarter, while India sales were up 3.2 per cent on a year-on-year (YoY) basis. Consolidated sales from operations at Rs 7,467 crore, a decline of about 9.6 per cent over same quarter last year. Sun Pharma posted a loss before tax of Rs 2,183.9 crore, as compared to a profit before tax of Rs 1,647.4 crore in the corresponding quarter previous year.

News Source:- https://www.business-standard.com/article/companies/sun-pharma-posts-surprise-rs-2-184-cr-q1-pre-tax-loss-on-one-time-expense-120073101516_1.html